What is the ‘FSCS Protected’ badge - and why should you look out for it?

If you’re looking for a new deposit product (e.g. a current or savings account) from a UK-authorised bank, building society or credit union, it’s important to check that your money will be protected by FSCS. That way, FSCS can automatically pay you compensation if your provider fails and can’t pay back your money.

A quick and easy way of finding out is by looking for the ‘FSCS Protected’ badge.

What is the ‘FSCS Protected’ badge?

FSCS Protected badgeDisclosure requirements set by the Prudential Regulation Authority (PRA) require authorised banks, building societies, credit unions, Northern Ireland credit unions and certain overseas firms with branches in the UK to inform new and existing customers that FSCS protects their deposits.

We also encourage protected deposit providers to display the ‘FSCS Protected’ badge, a symbol that indicates that eligible deposits held by a provider are protected by FSCS under the Deposit Guarantee Scheme. That means if your bank, building society or credit union fails, FSCS can automatically compensate you - up to £85,000 per eligible person, per firm.

Find out more about how we protect banks, building societies and credit unions.

Where should I look for the ‘FSCS Protected’ Badge?

The badge can be displayed by UK-authorised deposit takers in the following locations:

  • High-street branches
  • Websites
  • Mobile apps
  • Leaflets
  • Letters
  • Advertising.

Where can I find more information?

Leaflets about FSCS protection are available from all UK-authorised deposit takers. Alternatively, you can contact us directly with any questions.

Do non-deposit firms display the ‘FSCS Protected’ badge?

Non-deposit firms (such as pensions, investments and insurance providers) are not currently permitted or required to display the ‘FSCS Protected’ badge.